Proposition G

ICBOC CITIZENS GROUP ISSUES ITS 2011 ANNUAL REPORT ON HOSPITAL BOND EXPENDITURES

 
 
April 27, 2012 (La Mesa) -- A volunteer citizens group that is overseeing how the taxpayer-supported Grossmont Healthcare District (GHD) is spending millions of dollars in voter-approved public financing for infrastructure improvement construction projects at Grossmont Hospital in La Mesa has issued its 2011 Annual Report to the Community.

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READER'S EDITORIAL: GROSSMONT HEALTHCARE DISTRICT SHOULD NOT FUND ENERGY COGENERATION EXPANSION WITH BORROWED MONEY

 

 By Jim Stieringer, La Mesa
 
February 9, 2012 (La Mesa)--In 2006 East County voters approved Proposition "G" authorizing the sale of general obligation bonds of $247 million to provide and improve various facilities at Grossmont Hospital. Included is an expansion of the hospital's central energy plant. The Grossmont Healthcare District is now considering adding a cogeneration feature to the plant  to be acquired through a "lease/purchase" agreement for $17,900,000 to be paid over a ten year (120 month) period at a rate of around $2,000,000 per year. 

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Local news in the public interest is more important now than ever, during the COVID-19 crisis. Our reporters, as essential workers, are dedicated to keeping you informed, even though we’ve had to cancel fundraising events. Please give the gift of community journalism by donating at https://www.eastcountymedia.org/donate.